Reforms cut £350m of red tape on firms

first_img A RAFT of micro reforms to planning laws and business regulation were introduced in the Budget to boost growth in UK enterprise yesterday.Key supply-side reforms included sweeping changes to planning laws, to wave through applications for sustainable development and tear up nationally-imposed targets on the use of brownfield land.“We will introduce a new presumption in favour of sustainable development, so that the default answer to development is ‘yes’,” chancellor George Osborne said.Osborne pledged to scrap £350m of regulation on business and exempt all start-ups and businesses with fewer than ten employees from all new UK regulation for three years. Industry groups welcomed the moves. “Reductions in regulations on businesses and the promise of a faster planning system will provide relief to companies trying to take on staff and invest,” said CBI director-general John Cridland.“Small companies will be central to creating jobs and rebalancing the economy. These measures and a moratorium on new regulation and exemptions should be encouraging to those companies,” said Ernst & Young ITEM Club chief economic adviser Peter Spencer.Further pro-business measures included revising employment tribunal procedures and extending to two years the time employees must work for a company before they can sue for unfair dismissal.The government will also minimise the health and safety burden on business by implementing reforms recommended by Lord Young. The Association of British Insurers welcomed the move. “Lord Young rightly identified how badly interpreted or misunderstood regulation, bureaucracy and disreputable claims management firms have contributed to a compensation culture,” said ABI director of general insurance and health Nick Starling.But others warned the planning regime changes may be hard for local communities to accept.“The success of these changes will ultimately rely on local people accepting development in their back yards and the government could become the architect of its own demise if its drive to empower local communities pulls the rug from under its pro-growth agenda,” said John Brooks, planning director at property firm DTZ. whatsapp Share whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBePeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayDrivepedia20 Of The Most Underrated Vintage CarsDrivepediamoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Wednesday 23 March 2011 9:52 pmcenter_img Reforms cut £350m of red tape on firms Tags: NULL Show Comments ▼ More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org KCS-content last_img read more